If you've been anywhere on the Internet, you've probably heard of extremely wealthy people spending absurd amounts of money on tweets and gifs of Nyan Cat (why... just why?)---all of which have been called "NFTs". But, what exactly is an NFT?

In this episode we delve into what NFTs and blockchain are and how they operate in the world of cryptocurrency and cryptoart. We then discuss the involvement of human psychology and hype in the novelty of NFTs and how the way we assign value to certain items or things is rapidly changing in society. Finally, we explore how the seemingly metaphysical, intangible concept of NFTs has real consequences in the real-world, whether it may be catalyzing the evolution of how society operates and makes monetary transactions, or further instigating climate change and environmental disasters.

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Music Credits:

Intro Music | Kairo Serna

Reflections | Toshifumi Hinata

Gymnopedie No. 1 | Erik Satie